8, LING DRIVE, GAINSBOROUGH, DN21 1GT - £125,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 LING DRIVE is a very small terraced house of 69m², built sometime between 2003 and 2006, which could now be worth an estimated £159,089. It was last sold for £125,000 in June 2017, which was around 16% above the average June 2017 terraced price in the West Lindsey local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

8 LING DRIVE Sold Prices

Land registry data shows three sales for 8 LING DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. All of the three 8 LING DRIVE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 14 JUN	£125,000	£107,384	16% above HPI
2012 30 MAR	£113,000	£89,872	26% above HPI
2007 26 JAN	£129,995	£100,599	29% above HPI

8 LING DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The three 8 LING DRIVE sales between January 2007 and June 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the March 2012 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the June 2017 sale, where it falls to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 8 LING DRIVE be worth now?

8 LING DRIVE might now be worth an estimated £159,089.

This is based on house price inflation of 27.3%, between June 2017 and June 2025, for terraced houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.3% inflationary increase is applied to the most recent sale price for 8 LING DRIVE of £125,000 on 14th June 2017. For the value to have increased from £125,000 to £159,089 over the eight years to June 2025, the following assumptions must hold true:

• The value of 8 LING DRIVE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The June 2017 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LING DRIVE has not materially changed since June 2017.

How Large is 8 LING DRIVE?

8 LING DRIVE is 69m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 10% of terraced houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gainsborough, and where 8 LING DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 8 LING DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

8 LING DRIVE: Plot and Title Map

8 LING DRIVE sits on a plot of roughly 0.038 of an acre, or 154m². The below map shows the location of 8 LING DRIVE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 8 LING DRIVE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 8 LING DRIVE?

8 LING DRIVE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 8 on LING DRIVE.